Coinbase Releases iPhone App Amid Strong Market for Bitcoin

Coinbase, a venture-backed trading platform and digital wallet for Bitcoin , released an iOS app on Tuesday allowing iPhone users to buy, sell and send bitcoins from their mobile phone. The app syncs to your Coinbase web account, so updates will show instantly in both. Coinbase previously launched an app for Android users. With both apps, Coinbase anticipated the concerns of users who might be wary of installing an app that links directly to their bank account: You can set a passcode to obtain a measure of security. And should your phone become lost or stolen, you can remotely disable access to the app. The iPhone app debuts at a time when Bitcoin is riding high on a wave of media coverage and new users. On Coinbase, the buy price for a single bitcoin is about $200, the highest since April. The sell price is about $197. Michael Terpin, co-founder of BitAngels, a group that...